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Cable Update (GBPUSD)

  • #118,401
  • Feb 5, 2009 7:48am Feb 5, 2009 7:48am
  •  Trader#C67F
  • | Status: Unregistered Trader
Quoting popisdead
14510..immediate target..and maybe bouncing here.

pop
++

total agreement

u good...
  • #118,402
  • Feb 5, 2009 7:49am Feb 5, 2009 7:49am
Quoting TheDirtySerb
Good luck to you guys that are short. I'm keeping my long position open to at least 4679. Green pips locked in now just sit back and let it unfold. Anyone else still long or is everyone on the short bandwagon?
I was short from 4624... i have taken my 60 pips... dun forget to take yours...
  • #118,403
  • Feb 5, 2009 7:50am Feb 5, 2009 7:50am
Quoting macK
++

total agreement

u good...
thanks bro..
god will..

after 14510..next target 14450..

pop
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  • #118,404
  • Feb 5, 2009 7:51am Feb 5, 2009 7:51am
Quoting macK
my overall target for TP is 1.4512 and if it breaks then on to onehour chart to 1.4370

time for patience

what u think, nAV, Pip, all
I agree..but its got to break that Inner Upward Trend line...and 4512 level..
  • #118,405
  • Feb 5, 2009 7:53am Feb 5, 2009 7:53am
Quoting JammerJams
I agree..but its got to break that Inner Upward Trend line...and 4512 level..
just to be fair...i have taken my Shorts profit..and new setting new entry below
  • #118,406
  • Feb 5, 2009 7:53am Feb 5, 2009 7:53am
  •  Trader#C67F
  • | Status: Unregistered Trader
Quoting blurrcow
I was short from 4624... i have taken my 60 pips... dun forget to take yours...
may do a bit of hedgescalping off the 5m/15m... but overall the 1.4624short is gonna ride for a while until the 30m/60m settle down...
  • #118,407
  • Feb 5, 2009 7:53am Feb 5, 2009 7:53am
Quoting kevinsw
Ok it might be a dumb question but I have to ask.

What would the proper distance for a trailing stop for this pair?

Thanks
This isnt a dumb question at all I dont know the answer as I rarely use trailing stops, id imagine they would be much more useful in calmer times like the asian session sometimes but cable is a beast and chops about all the time.

Maybe someone who uses trailing stops can give you a better answer
  • #118,408
  • Feb 5, 2009 7:54am Feb 5, 2009 7:54am
Quoting JammerJams
just to be fair...i have taken my Shorts profit..and new setting new entry below

that Bit** of a trend line hits around 4530...so be aware
  • #118,409
  • Feb 5, 2009 7:55am Feb 5, 2009 7:55am
i went long gu at 1.4545 tp 1.4750 and sl 1.4480
  • #118,410
  • Feb 5, 2009 7:59am Feb 5, 2009 7:59am
Quoting hanizad
i went long gu at 1.4545 tp 1.4750 and sl 1.4480

Anything is possible Hanizad...but the question is...is it probable...
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  • #118,411
  • Feb 5, 2009 8:01am Feb 5, 2009 8:01am
Im just going to place alarms and go make breakfast..

good luck all
  • #118,412
  • Feb 5, 2009 8:03am Feb 5, 2009 8:03am
Everyone seems to be shorting.

Looks like it's gonna shoot UP

  • #118,413
  • Feb 5, 2009 8:06am Feb 5, 2009 8:06am
ok here my today trade i might be finished for the day i think, although im aiming for £50 per day, dunno yet. Finally managed to work out why vista doesnt save files correctly on this laptop. have to put it in the right place.
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  • #118,414
  • Feb 5, 2009 8:07am Feb 5, 2009 8:07am
Quoting PipLand
This isnt a dumb question at all I dont know the answer as I rarely use trailing stops, id imagine they would be much more useful in calmer times like the asian session sometimes but cable is a beast and chops about all the time.

Maybe someone who uses trailing stops can give you a better answer
Pip is right..they are used for various sessions and time periods...choppy times is not a good idea...

But in calmer trades....If I first have a chance to place +BE and then move SL to 50% of range.....and if it starts to move in a rythmic pattern..then i will place TS in a nice big spread ~ 50 at first and remove TP limit..then getting closer to TP I drop it to 15 pips..and let her ride...
  • #118,415
  • Feb 5, 2009 8:09am Feb 5, 2009 8:09am
Quoting forter
Everyone seems to be shorting.

Looks like it's gonna shoot UP

Not all my friend...but hedging for swings..that can occur..but it will drop..maybe not within the hour..but it will..good luck
  • #118,416
  • Feb 5, 2009 8:12am Feb 5, 2009 8:12am
Quoting JammerJams
Pip is right..they are used for various sessions and time periods...choppy times is not a good idea...

But in calmer trades....If I first have a chance to place +BE and then move SL to 50% of range.....and if it starts to move in a rythmic pattern..then i will place TS in a nice big spread ~ 50 at first and remove TP limit..then getting closer to TP I drop it to 15 pips..and let her ride...
Thanks, I was using 15 for some scalping. and the plain stop at other times to BE +5 I guess I am on the right track? lol
  • #118,417
  • Feb 5, 2009 8:13am Feb 5, 2009 8:13am
I think it's only took for 1.4514 on low then back up
The Ottelo way's find the mutual system to wins
  • #118,418
  • Feb 5, 2009 8:21am Feb 5, 2009 8:21am
Im thinking we can confirm the entrace to the old weekly consolidation zone
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #118,419
  • Feb 5, 2009 8:25am Feb 5, 2009 8:25am
Quoting Bones
Im thinking we can confirm the entrace to the old weekly consolidation zone
Nice Chart Bones...you got it about right...!!!

we can expect alot of movement for the next couple hours..but the aim is where you show it..

We will have a little testing down..then shoot right on up there..great chart..
  • #118,420
  • Feb 5, 2009 8:25am Feb 5, 2009 8:25am
Quoting popisdead
i think its coming down..

but im not with the bear..

pop
thank god..im not with the bear..

pop
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